Other tools that make managing invoices easier include the ability to set up recurring invoices and quotes, and automate payment reminders. The Freshbooks Plus Plan is by far their most popular tier, and a perfect solution for SMBs looking for automation and data insights. And once you reach that threshold, the process to scale and upgrade is quick and easy.

Project Management

Bill.com also only offers invoice automation with its Corporate plan, while FreshBooks offers this feature on their Plus plan, which is the more affordable option. The platform’s time-tracking software helps businesses to keep track of the amount of time they are spending on clients and projects and then use that information for generating invoices. Users can also invoice clients before a project starts, and FreshBooks will keep track of the project to help you manage the rest of the invoice. The invoices also easily integrate with payment and expense tracking.

• FreshBooks makes it easy to stay organized, keep track of payments owed and expenses made, send invoices and accept payments.
• Client profiles are limited to one delivery address each, and as we mentioned earlier, reports can’t be customized.
• We’ve listed the plans’ original pricing, but note that the vendor offers various discounts.
• When it comes to self-help resources, FreshBooks offers an AI chatbot and has a relatively well-stocked knowledge centre with up-to-date articles.
• FreshBooks doesn’t currently have any other discounts running, not even for non-profits, but it’s always worth having a look online for new active discounts.

Set clear expectations with clients from the start

Like other accounting software we reviewed, FreshBooks is 100 percent cloud-based, so there isn’t any desktop software to install. However, this also means an internet connection is necessary to use the software. As noted above, the Select plan comes with extra implementation and onboarding assistance via custom onboarding and an account manager. FreshBooks is a cloud-based, all-in-one accounting software that helps small businesses better maintain their operations.

In this review, we’ll go over our experience with FreshBooks, assess its accounting features and pricing, and help you decide if it’s the right option for your business. However, it is missing the kind of advanced reporting and financial forecasting tools that more established, growing businesses rely on to effectively plan for the future, so it’s not a very scalable option. Outside of the number of billable clients, this is the most important pricing element to note. Subscription services and card storage are important factors to consider for your business. The features can steer a company onto the path of scalability with a modernized payment system. The Freshbooks Select Plan provides custom pricing with specialized features and works best for larger enterprises.

• You’ll get more reporting capabilities and the ability to handle much more inventory.
• Once you’re prepared to take the next step, check out our comparison page to view all the top accounting software deals.
• The Plus tier offers fifty billable clients, the Lite offers five, and the top tiers give you unlimited clients.
• If you need help setting up your account, or have any questions about using FreshBooks, one of our Account Specialists is ready to spring into action.
• Our testers couldn’t switch default currencies on their invoices, either.

Business Management

Since 2003, over 10 million people have used FreshBooks to send, receive and pay invoices. Today FreshBooks has paying customers in over 160 countries and is the #1 cloud accounting solution designed for small business owners. We help everyone from the most fragile of businesses (many of them one person, first-time owners) to the most vibrant service-based small businesses. FreshBooks offers good basic accounting tools, such as invoice and expense management, and time tracking. However, its reporting and budgeting tools are a little limited, and might not suit growing businesses.

Wow clients with professional invoices that take seconds to create

Invoicing is one of the most crucial small business accounting tasks, helping business owners manage cash flow and all elements of payment tracking. FreshBooks is an ideal accounting solution for small businesses that generate numerous invoices. With FreshBooks, you can create professional invoices in seconds, track and bill expenses, send automatic reminders, produce various reports, and much more.

A central dashboard displays vital business information and statistics, including unpaid invoices, profit, revenue and expenses. Unlike on some competing software we tried, the main dashboard widgets are fixed, although the information displayed within them can be customized. FreshBooks also has a few inventory management tools, such as stock level tracking and fixed asset tracking. However, it can’t automatically calculate and update asset values, accounting for depreciation or amortisation over time (whether the value of assets has gone up or down). This means it’s not the best software for businesses that primarily sell products and need to plan their finances around them. Quotes can easily be turned into invoices at the click of a button and it’s easy to keep track of invoice statuses in the dashboard, such as whether it’s been paid or viewed by the client.

FreshBooks leaves a little to be desired when it comes to some features, from multi-currency invoicing to budget forecasting. Here are all the top options, including our favorite accounting software, Zoho Books. The client limit on each of FreshBooks plans refers to the number of both active and archived clients in your account. If you’re no longer billing or working with a client, you can delete them to free up spots for new clients. Deleted clients’ invoices and information will still remain accessible to you, and you can always undelete clients at a later date.

Xero: Best for online businesses

If you’re under that five or fifty mark, consider how fast you intend to scale your business. Freshbooks has location-based pricing, so the numbers could vary based on your location. FreshBooks also syncs data across all desktop and mobile devices so that your account is always up to date.

Currently, a “70% off for the first4 months” deal means you can start for just $11.40 per month when billed monthly. That said, we don’t think FreshBooks is worth it for more established businesses looking to expand and grow. It simply doesn’t have the financial planning tools or budgeting tools growing businesses need to stay on track, and the one-user limit on most plans will feel very limiting for growing teams.

Business owners aren’t usually accountants or bookkeepers, so they need a straightforward accounting solution. After testing FreshBooks ourselves, we’re confident business owners will have no trouble navigating and learning the software. The user interface is attractive and clearly labeled (see the screenshot below from our demo).

With all the economic instability tied to a looming recession and new tariffs, most businesses will appreciate all the projections they can get. Client profiles are limited to one delivery address each, and as we mentioned earlier, reports can’t be customized. There’s no client portal, so clients can’t easily view their invoices, statements, or documents in one place. Users can customize the invoice templates with their company logo and other branding, but that’s not uncommon for accounting software. We like that FreshBooks includes bank reconciliation tools so you won’t have to manually reconcile your business bank account.

The service is based out of the UK, and that’s when their support hours are, which may pose a barrier to US-based businesses. Otherwise it’s a solid service, handling estimates, invoices, expenses, time tracking, banking, and projects. FreshBooks offers a wider range of features than Invoice Home, such as accounting software, cash flow reports, and over 200 third-party integrations.

Bill fast, get paid even faster, and automate the rest with recurring invoices, online payments, and late payment reminders. An online knowledge center is available for common fixes, although the company does not provide a community forum (this is rare, since all our other top accounting software picks do offer forums). Our testers found that the online database offered good answers to most of the questions we checked, although it didn’t help with one question focused on tax returns. Solo freelancers and freshbooks accounting software pricing small business novice users are a great fit for FreshBooks for three reasons.